Reuters learned about the postponement of the completion of the Yandex restructuring process. It was scheduled to be completed by the end of 2023, but the deadline was moved to the first quarter of 2024, sources told the agency.
The completion of the Yandex restructuring process has been postponed until 2024. Several sources familiar with the details of the negotiations told Reuters about this.
The agreement was scheduled to be closed at the end of 2023. The documents have already been delivered to the lawyers, but this year it will not be possible to complete the process, the publication notes. The goal now is to close the deal in the first quarter of 2024.
On Monday, December 25, the Bank of Russia registered share issues of the international company Yandex Joint Stock Company. The issuance of securities is part of the preparation for the restructuring. This is standard practice when creating a corporation.
Author:
Kirill Bilyk
Source: RB
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